Economy

Posts Tagged Economy

As the future of the US continues to take shape, daily developments tend to raise more questions than they answer. Historically, economists say that uncertainty is bad for the economy, but uber-successful investors like Warren Buffett say that fear and uncertainty present huge opportunities for investors. The truth is probably somewhere in between.

How ironic is it that the campaign slogan which helped propel Bill Clinton to the presidency in 1992 is now being cited as the reason his wife, Hillary Clinton, lost the election 24 years later? As they say, history often repeats itself, but we don’t always learn the lesson.

Several large-scale corporate expansions in the St. Louis region are adding thousands of jobs to local payrolls, headlined by one of the world’s biggest aircraft manufacturers.

Boeing is expanding operations at its existing plant in St. Louis to manufacture components of the new 777X commercial airliner. The project will eventually bring 700 jobs to the area, and production began at the site in the fall of 2016.

The New York City region’s $1.5 trillion economy continues to generate new jobs across several industries, due to its size and diversity. New programs have also been created recently to get more people back to work and to attract high-tech employment.

Job opportunities have increased steadily in most major sectors of the San Diego region’s economy, and that growth has quickly created tight conditions for employers that still want to add to their payrolls.

There is more talk at this year’s SHRM Annual Conference about recruiting difficulties than there has been during my previous visits to this conference.

We 1st heard about this from the perspective of Mike Rowe. He pointed out that we have 2.8 million unfilled jobs yet have record amounts of student debt piling up. Was his conclusion that we are training people for jobs that they don’t want or don’t exist anymore correct?

After enduring several years of declines in government spending, the Washington, D.C. region is once again benefiting from stability in the federal budget. But the area’s economy is also now less reliant on Capitol Hill, as evidenced by recent job gains in the private sector.

Is Uber’s recognition of the Independent Driver’s Guild (IDG) in New York a step in the right direction or an evil red herring? It depends, of course, on which lawyer you ask.

One the one hand, lawyers for the IDG say the agreement with Uber will guarantee drivers monthly meetings to raise concerns, create an appeals process for driver termination decisions and provide legal services and benefits to drivers at discounted rates.

Job growth has been steady for quite some time in the Denver region, where the health care and aerospace industries have sizable presences. And even with recent declines in oil prices, the area’s energy sector still generates significant economic activity.

In May, Hiring Activity Will Take a Step Back Compared with a Year Ago

In May, fewer employers will add jobs in manufacturing and services compared with the previous year, according to the Society for Human Resource Management’s (SHRM®) Leading Indicators of National Employment (LINE®) survey for May 2016.

All eyes are on Tampa’s downtown at the moment, where a development team is planning a $2 billion makeover of a 40-acre section of the city. It will encompass 6 million square feet of new commercial, residential and retail space, and among its anchor tenants will be a new home for the University of South Florida’s Morsani College of Medicine.

After recognizing that the Phoenix area’s fiscal health was too dependent on real estate growth – a nod to the boom and bust that occurred in the local housing market during the 2000s – business leaders started a series of efforts to diversify the region’s economic portfolio.

The Seattle metro region spans three counties in northwest Washington, and technology and aerospace are its dominant industries. In Seattle’s home of King County alone, there are nearly 500 companies and more than 45,000 employees that belong to the aerospace sector.

New projections from the U.S. Bureau of Labor Statistics (BLS) show that the labor force is getting older and that job creation will slow in the near future. The demographic shift will result in a lower rate of participation in the labor force overall and, in turn, fewer employment opportunities will mean increased competition among those already struggling to find new jobs.